2020 Tax Plan – New Forms, Maximizing Deductions, & More
As the coronavirus pandemic has taken center stage in challenging all businesses, it is more important than ever to stay on top of the ever-changing tax environment. In this short video, we share highlights of the 2020 business tax landscape.
- Form 1099-NEC vs. 1099-MISC
- Important dates
- Income deductions
- Loan forgiveness
- Deferral of interest
- Tax savings opportunities
- Depreciation tools
Let us navigate the changes in tax law together and how it impacts your business so that you can focus on what’s important, running your business. We are here to help!
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About the Author: Shelly Spata, CPA
Shelly Spata joined the firm in 1998, and her name went on the door in 1999. She now serves as the Managing Partner of the firm. "As a business owner myself, I understand the complexities and challenges business owners face, and I strive to add value by helping clients understand their financial statements, manage tax consequences, and clearly see the financial and tax ramifications — both positive and negative — of decisions they make," she explains. "Without good financial information, it’s like driving a car blind, but with good information, clients are able to maximize profits."
